GRAFIMON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
GRAFIMON
NACE 18.130, Pre-press and pre-media services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€829
2024 · -€78,587+€79,416
Equity
€119,449
2024 · €118,619+€829
Cash
€5,832
2024 · €6,709-€877
Balance sheet total
€556,977
2024 · €599,185-€42,208
Largest movements
Assets
- Tangible fixed assets -€38,610
down €38,610 (-40.1%), from €96,375 to €57,765
- Stocks and contracts +€8,210
up €8,210 (+13.0%), from €63,250 to €71,460
- Receivables within one year -€6,896
down €6,896 (-6.0%), from €114,737 to €107,842
of which Trade receivables: -€17,720
Equity and liabilities
- Debts after one year -€21,642
down €21,642 (-34.3%), from €63,160 to €41,518
- Tax, wage and social debts -€20,565
down €20,565 (-62.7%), from €32,781 to €12,216
of which Remuneration and social security: -€13,126
Income statement
- Staff costs -€96,467
down €96,467 (-58.2%), from €165,822 to €69,355
- Gross operating margin -€22,626
down €22,626 (-16.2%), from €139,725 to €117,099
- Financial charges -€3,450
down €3,450 (-46.3%), from €7,450 to €4,000
- Other operating charges -€1,400
down €1,400 (-28.4%), from €4,938 to €3,538
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€78,587
Gross operating margin
-€22,626
Staff costs
+€96,467
Depreciation
-€480
Write-downs
+€1,377
Other operating charges
+€1,400
Financial income
-€232
Financial charges
+€3,450
Taxes
+€60
Result 2025
€829
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€20,084
Investment
€0
Financing
-€20,961
Cash 2024
€6,709
From operations (derived)
+€20,084
Net result for the year
+€829
Depreciation
+€41,179
Stocks and contracts
-€8,210
Receivables within one year
+€6,896
Deferred charges and accrued income
+€1,465
Trade debts
-€1,782
Tax, wage and social debts
-€20,565
Accrued charges and deferred income
+€271
Financing
-€20,961
Debts after one year
-€21,642
Current portion of long-term debt
+€681
Cash 2025
€5,832
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,185 | €556,977 | -€42,208 | -7.0% |
| Fixed assets | 21/28 | €107,133 | €65,953 | -€41,179 | -38.4% |
| Intangible fixed assets | 21 | €10,758 | €8,188 | -€2,569 | -23.9% |
| Tangible fixed assets | 22/27 | €96,375 | €57,765 | -€38,610 | -40.1% |
| Leasing and similar rights | 25 | €96,375 | €57,765 | -€38,610 | -40.1% |
| Current assets | 29/58 | €492,052 | €491,024 | -€1,028 | -0.2% |
| Stocks and contracts in progress | 3 | €63,250 | €71,460 | +€8,210 | +13.0% |
| Stocks | 30/36 | €63,250 | €71,460 | +€8,210 | +13.0% |
| Amounts receivable within one year | 40/41 | €114,737 | €107,842 | -€6,896 | -6.0% |
| Trade receivables | 40 | €114,737 | €97,017 | -€17,720 | -15.4% |
| Other amounts receivable | 41 | €0 | €10,824 | +€10,824 | |
| Current investments | 50/53 | €302,158 | €302,158 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,709 | €5,832 | -€877 | -13.1% |
| Deferred charges and accrued income | 490/1 | €5,197 | €3,732 | -€1,465 | -28.2% |
| Total equity and liabilities | 10/49 | €599,185 | €556,977 | -€42,208 | -7.0% |
| Equity | 10/15 | €118,619 | €119,449 | +€829 | +0.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €368,033 | €368,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €308,308 | €308,308 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Own shares acquired | 1312 | €302,158 | €302,158 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €3,475 | €3,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,914 | -€310,084 | +€829 | +0.3% |
| Amounts payable | 17/49 | €480,566 | €437,529 | -€43,037 | -9.0% |
| Amounts payable after more than one year | 17 | €63,160 | €41,518 | -€21,642 | -34.3% |
| Financial debts | 170/4 | €63,160 | €41,518 | -€21,642 | -34.3% |
| Amounts payable within one year | 42/48 | €417,277 | €395,611 | -€21,666 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €20,961 | €21,642 | +€681 | +3.2% |
| Trade debts | 44 | €180,987 | €179,205 | -€1,782 | -1.0% |
| Suppliers | 440/4 | €180,987 | €179,205 | -€1,782 | -1.0% |
| Taxes, remuneration and social security | 45 | €32,781 | €12,216 | -€20,565 | -62.7% |
| Taxes | 450/3 | €7,646 | €207 | -€7,439 | -97.3% |
| Remuneration and social security | 454/9 | €25,135 | €12,009 | -€13,126 | -52.2% |
| Other amounts payable | 47/48 | €182,549 | €182,549 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €129 | €399 | +€271 | +210% |
| Remuneration, social security and pensions | 62 | €165,822 | €69,355 | -€96,467 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,699 | €41,179 | +€480 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,377 | -€1,377 | |
| Other operating charges | 640/8 | €4,938 | €3,538 | -€1,400 | -28.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €139,725 | €117,099 | -€22,626 | -16.2% |
| Operating profit (loss) | 9901 | -€71,735 | €4,403 | +€76,138 | |
| Financial income | 75/76B | €658 | €426 | -€232 | -35.2% |
| Recurring financial income | 75 | €658 | €426 | -€232 | -35.2% |
| Financial charges | 65/66B | €7,450 | €4,000 | -€3,450 | -46.3% |
| Recurring financial charges | 65 | €7,450 | €4,000 | -€3,450 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,527 | €829 | +€79,356 | |
| Income taxes | 67/77 | €60 | €0 | -€60 | -100% |
| Profit (loss) for the period | 9904 | -€78,587 | €829 | +€79,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,587 | €829 | +€79,416 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.